BALTIMORE — eOriginal, Inc., the experts in digital transactions, today announced that eight out of the top ten U.S. banks have digitally transformed their institutions by using eOriginal’s eAsset® Management Services on lines of business or for custodial services. The digitization of processes contributes to increased and enhanced security, auditability and compliance.
Through the use of digital tamper seals and the most detailed audit trail and reporting functionalities available in the marketplace, the eOriginal digital asset management solution guarantees the authenticity of the original document by maintaining its integrity throughout the documents’ entire lifecycle – all while meeting the requirements of Uniform Electronic Transactions Act (UETA) and ESIGN, as well as the Uniform Commercial Code (UCC) requirements.
“Maintaining confidence in the compliance, security and integrity of your financial asset management is critical for banks, no matter the size of the institution,” said Stephen Bisbee, president and CEO of eOriginal, Inc. “The fact that eight of the top 10 U.S. banks are utilizing eOriginal eAsset Management Services is a true testament to the evolution of digitization and is further testimony of our proven process. We look forward to continuing to grow our portfolio of financial institutions.”
As part of eOriginal’s eAsset Management Services, eOriginal provides secure eVaulting, Transaction Services and Transferable Record Services, including securitization, pledging and collateralization.
In addition to eOriginal’s core services, several of the top financial institutions have also moved their loan custodial services to being fully digital: accepting eSigned documents; securely maintaining and storing the signed documents within an electronic vault; and overseeing transferable record services.
According to American Banker’s “Bank and Thrifts with the Most Assets” the top ranking banks for Q1 2015 (published on August 6, 2015), includes: JPMorgan Chase & Co. New York; Bank of America Corp. Charlotte, N.C.; Citigroup Inc. New York; Wells Fargo & Co. San Francisco; Goldman Sachs Group Inc. New York; Morgan Stanley New York; General Electric Capital Corp. Norwalk, Conn.; U.S. Bancorp Minneapolis; Bank of New York Mellon Corp.; and PNC Financial Services Group Inc. Pittsburgh.